Report Update Nov 1, 2024

Ghana - Prepared Mustard - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Prepared Mustard Market 2024

Prepared Mustard Market Size in Ghana

In 2021, the Ghanian prepared mustard market decreased by -6.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed a remarkable increase. Prepared mustard consumption peaked at $X in 2020, and then reduced in the following year.

Prepared Mustard Production in Ghana

In value terms, prepared mustard production shrank to $X in 2021 estimated in export price. Overall, production, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 65%. Prepared mustard production peaked at $X in 2020, and then reduced in the following year.

Prepared Mustard Exports

Exports from Ghana

Prepared mustard exports from Ghana soared to X tons in 2021, jumping by 476% on 2020. Overall, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared mustard exports soared to $X in 2021. Over the period under review, exports recorded a strong expansion. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Burkina Faso (X tons) and Togo (X tons) were the main destinations of prepared mustard exports from Ghana, with a combined 99.9% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +905.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) emerged as the key foreign market for prepared mustard exports from Ghana, comprising 66% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +1,280.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+19.9% per year) and Togo (-8.1% per year).

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2021, increasing by 3.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 24% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Togo ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+136.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Ghana

In 2021, overseas purchases of prepared mustard increased by 156% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2015 when imports increased by 205% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, prepared mustard imports soared to $X in 2021. In general, imports saw a strong expansion. The growth pace was the most rapid in 2017 with an increase of 141%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Brazil (X tons) and Belgium (X tons) were the main suppliers of prepared mustard imports to Ghana, with a combined 15% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +81.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of prepared mustard to Ghana, comprising 7.3% of total imports. The second position in the ranking was taken by South Africa ($X), with a 2.5% share of total imports. It was followed by the United States, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+3.5% per year) and the United States (-9.6% per year).

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, shrinking by -6.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared mustard in the world?

China constituted the country with the largest volume of prepared mustard consumption, comprising approx. 14% of total volume. Moreover, prepared mustard consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of prepared mustard in the world?

The countries with the highest volumes of prepared mustard production in 2021 were China, the United States and India, together comprising 27% of global production. Pakistan, Japan, Nigeria, Bangladesh, Brazil, Indonesia, Russia, France, Ethiopia and Germany lagged somewhat behind, together accounting for a further 29%.

What are the leading suppliers of prepared mustard to Ghana?

In value terms, France constituted the largest supplier of prepared mustard to Ghana, comprising 51% of total imports. The second position in the ranking was occupied by Belgium, with a 16% share of total imports. It was followed by the United Arab Emirates, with a 7.4% share.

What are the leading importers of prepared mustard from Ghana?

In value terms, the UK emerged as the key foreign market for prepared mustard exports from Ghana, comprising 69% of total exports. The second position in the ranking was occupied by Burkina Faso, with a 25% share of total exports.

What is the average export price for prepared mustard in Ghana?

The average prepared mustard export price stood at $809 per ton in 2021, waning by -6.9% against the previous year.

What is the average import price for prepared mustard in Ghana?

In 2021, the average prepared mustard import price amounted to $1,186 per ton, dropping by -5.5% against the previous year.

This report provides an in-depth analysis of the prepared mustard market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10841253 - Mustard flour and meal
Prodcom 10841255 - Prepared mustard

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023